The Latest Breaking News from Robinhood

Companies conduct layoffs to cut costs, but they end up being a pricey approach.

The drop came amid a major retrenchment in the crypto industry.

FTX founder Sam Bankman-Fried is facing legal battles as he attempted to keep control of his 56 million shares in the consumer trading app Robinhood Markets Inc (NASDAQ: HOOD), currently worth around $450 million

The disgraced crypto founder, once worth $26.5 billion, said he only has $100,000 in his bank account.

The Robinhood trading app will offer IRAs for its users including those lacking access to workplace retirement plans, with a 1% match.

With more workers joining the gig economy and inflation reaching record-breaking levels, Robinhood is giving more Americans the push they need to start saving for retirement.

Despite being well-positioned for long-term growth, the application software industry has near-term headwinds to deal with. Hence, avoiding fundamentally weak stocks Robinhood (HOOD), Monday.com (MNDY), and Matterport (MTTR) could be wise, while fundamentally strong software stock Progress Software (PRGS) could be a great buy right now. Continue reading….

With inflation showing signs of cooling, the Fed is expected to slow down its rate hike aggression in the coming months. This might bode well for the tech and software industry. Moreover, amid rapid digitization, the growth prospects of the software industry should remain solid. Thus, quality software stock Commvault…

The Greek tragedy unfolding in the financial press over the last week is the story of Sam Bankman-Fried, the would-be cryptocurrency tycoon and political kingmaker whose multibillion-dollar empire has sunk like the Titanic after its encounter with the iceberg.